Lot-for-lot ordering in MRP provides coverage for some predetermined number of periods using forecasted demand to extend beyond the orders already received for those periods.

Question

Quizplus · Accepted Answer

Lot-for-lot ordering in MRP involves ordering exactly what is needed for production based on actual demand, not forecasted demand, and does not extend beyond the orders already received for those periods.

Lot-For-Lot Ordering in MRP Provides Coverage for Some Predetermined Number